Led by billionaire Anil Ambani, Reliance Gold Savings Fund on Wednesday announced that it had restarted accepting subscriptions. The private-sector Fund, which manages nearly $300 million, had shut off new buy-ins nearly three months back to support the government's efforts to curb soaring demand for gold.

Mumbai, Sep 2 : Reliance Infrastructure, part of the Reliance Group headed by Anil Ambani, Monday announced the completion of 136 km road connecting Salem and Ulundurpet in Tamil Nadu at an outlay of Rs. 1,061 crore.

The company in a statement issued here said the road project on build-operate-tranfer (BOT) basis was completed by its special purpose vehicle, SU Toll Road Pvt. Ltd., and collection of toll in three plazas has begun.

The company has been awarded the contract to operate and maintain the road for a concession period of 25 years.

Mumbai, Aug 27 : The debt of Reliance Capital Ltd would drastically go down to Rs. 5,000 crore from the current around Rs. 20,000 crore when it gets a banking licence and the company's fund's position is healthy and has no plans to make a capital call on the shareholders, said a top company official.

New Delhi, Aug 22 : Reliance Group chairman Anil Ambani Thursday deposed before a special court here as a prosecution witness in the 2G spectrum allocation case and said he was not aware of any company named Swan Telecom.

"I'm not aware of any company called Swan Telecom," Ambani replied in the special court of Central Bureau of Investigation (CBI), presided over by Judge O. P. Saini, when asked by the prosecution if he knew this firm that was given telecom spectrum and licence in
2008.

The insurance arm of Anil Ambani-led Reliance Group has announced its entry into India's agriculture insurance business, saying it would offer farmers insurance cover for their crops against adverse weather conditions.

Reliance General Insurance announced various insurance products, some of which weather-based insurance schemes while other are yield-based.

Rakesh Jain, chief executive of Reliance General Insurance, also noted that it was the company's first step into the country's agriculture insurance sector.

New Delhi, July 27 : Reliance Group chairman Anil Ambani and his wife Tina Ambani were Saturday issued fresh summons by a Delhi court to depose Aug 22 and 23 as prosecution witnesses in the 2G spectrum allocation case.

Central Bureau of Investigation (CBI) Special Judge O. P. Saini issued fresh summons to the two after they were exempted from appearing in court Friday.

The court allowed the plea of Anil Ambani, who was summoned Friday, seeking exemption from personal appearance on the ground that he had pre-scheduled business engagements.

Reliance ADA Group Chairman Anil Ambani told the Central Bureau of Investigation (CBI) that he hadn't gained anything from the 2G saga; rather he had lost his prestige.

Mr. Ambani and his wife Tina Ambani have been directed by a special court to testify as prosecution witnesses in the 2G telecom case, in which Reliance and many other telecommunications firms conspired with former Telecom Minister A Raja to get spectrum.

New Delhi, July 23 : The Supreme Court Tuesday directed the listing of Reliance Telecommunications' plea challenging the 2G special trial court order summoning a number of people, including Reliance Group chairman Anil Ambani, as prosecution witnesses before the bench.

As senior counsel Mukul Rohtagi got up to address the court on the plea, an apex court bench headed by Justice G. S. Singhvi said: "Go to the bench which is hearing the matter."

Having said so, the court ordered: "Let the matter be listed before the bench seized of the 2G matter".

The Central Bureau of Investigation (CBI) wants to make Reliance Group Chairman Anil Ambani as well as his wife Tina Ambani witnesses in the 2G spectrum allocation scam case.

On Tuesday, the CBI told a trial court that Anil and Tina's deposition was required because the company's executives had not given clear-cut answers as to at whose instance they created a shell company to win 2G spectrum.

Mumbai, June 26 : Anil Ambani-led Reliance Capital Wednesday said it will apply for a banking licence, in which two Japanese firms will be minority partners.

Reliance Capital will be the promoter, while the Japanese financial giants Sumitomo Mitsui Trust Bank and Nippon Life Insurance will control between four to five percent stake each in the proposed new bank.

Anil Ambani-led Reliance Group firm has signed partnership agreements with the two Japanese firms.

Mumbai, May 16 : Reliance Capital Thursday said its net profit surged by 77 percent to Rs. 812 crore ($149 million) in the financial year ended March 31, 2013.

The company, a part of Anil Ambani-led Reliance Group, said its consolidated total income jumped by 13 percent to Rs. 7,519 crore ($1.4 billion), largely due to a sharp increase in "topline of general insurance, commercial finance and asset management businesses, and sale of stake in Reliance Capital Asset Management."

The investments by RIL have been made in Reliance Mutual Fund's Fixed Maturity Plans (FMPs) and some debt schemes.

RIL invests a considerable portion of its surplus funds in mutual funds, but made no investment in Reliance Mutual fund's schemes since the division of the conglomerate in the year 2005. The recently made Rs